Author Question: As the real wage rate increases, the A) quantity of labor supplied increases. B) supply of labor ... (Read 184 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
As the real wage rate increases, the
 
  A) quantity of labor supplied increases.
  B) supply of labor curve shifts rightward.
  C) supply of labor curve shifts leftward.
  D) quantity of labor supplied increases and the supply of labor shifts rightward.

Question 2

The study of economics
 
  A) focuses mainly on individual consumers.
  B) arises from the fact that our wants exceed available resources.
  C) recognizes that scarcity does not affect rich nations.
  D) deals mainly with microeconomics.



tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

For a complete list of videos, visit our video library